Amid supply concerns, Indian crude basket rises 4% in July

• Posted in OilGas
• on July 20, 2023
• No Comments.

The Indian crude oil basket which was largely subdued in May and June has witnessed over 4% increase in its average price in July amid global supply concerns.

The average Indian crude basket for July stands at $78.22 per barrel, compared to $74.93 a barrel in June. In May, it averaged at $74.98 a barrel as prices eased amid growing concerns of a global slowdown.

Share This